Home Forex Ireland’s central bank raises 2023 CPI projections, lowers GDP forecast

Ireland’s central bank raises 2023 CPI projections, lowers GDP forecast

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Ireland’s central bank raises 2023 CPI projections, lowers GDP forecast

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The Central Bank of Ireland quarterly bulletin, info via Reuters.

  • its forecast for its preferred economic growth measure is 2.3% next year (from 4.2%)
  • inflation forecast for next year 6.3% (versus 4.2% previously)
  • inflation forecast for 2022 to 8% (from 7.8%)
    “These developments will dampen the expected pace of economic growth over this winter and into next year as households and firms delay less-essential spending and investments in light of uncertainty and more constrained real incomes,” the central bank said

Reuters link is here for more info.

EUR is little changed:

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